Just Kitchen Holdings Corp. announce it will license a selection of its food brands as well as its JKOS platform to a new restaurant entity in Taiwan by the world renowned Chef Richie Lin (the "Licensing Arrangement"). The Licensing Arrangement will enable Chef Lin to operate a hybrid fast-fine restaurant and ghost kitchen on the same premises (the "Hybrid Project").

The yet unnamed restaurant will be located at Hotel EPISODE Hsinchu and is planned to open in either August or September of 2022. Chef Lin and JustKitchen have also committed to working together to develop new virtual food brands to launch on the Company's platform. The Hybrid Project is consistent with JustKitchen's focus on its regional competitive strategy, low-cost arrangements, technology-enabled deployments, proprietary brand development and business-to-business relationships.

The Hsinchu and Zhubei ghost kitchens are currently among Just Kitchen's top-selling locations and are expected to support further business development for the Company in the area of the Hsinchu Science Park. Accordingly, Just Kitchen management views the prospects for the Hybrid Project as promising, given its familiarity with the area and outlook for its growth potential.